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Wall St up after Fed rates news
Wall Street gained overnight, after the US Federal Reserve flagged that there are fewer interest rate increases ahead this year than previously thought.
Wall Street gained overnight, after the US Federal Reserve flagged that there are fewer interest rate increases ahead this year than previously thought.
WATCH: On the latest extra episode of The Economy Hub, guest panelists Bernard Doyle and Aaron Quintal discuss markets rebound.
The New Zealand dollar is heading for a 1.7 per cent drop against the greenback
New Zealand shares hit a record high for a seventh straight session, though trading was quieter after Thursday's interest rate cut
Equities on both sides of the Atlantic moved lower after trade data renewed concerns about China's economy.
The terrorist group is making millions by funnelling dollars looted from banks into legitimate currency markets in the Middle East.
US Treasuries and Wall Street fell after a report showed American employers added more jobs than expected last month.
The latest data on US manufacturing, construction spending and car sales bolstered optimism about the outlook.
The best performing asset of 2016? That old favourite gold.
Veteran corporate raider Sir Ron Brierley has made a takeover offer for cashed-up retailer Kirkcaldie & Stains.
New Zealand shares were mixed, as Orion Health Group gained from a record low on news of a major US deal.
Both Brent and US crude dove and then recovered overnight, and equities sought direction.
NZX lifted annual profit 82 per cent in 2015 as the one-off gain from the sale of its Link Market Services division bolstered flat earnings.
New Zealand shares rose, led by Auckland Airport and Chorus on their strong earnings reports.
Takeovers by cashed-up buyers mean less choice for KiwiSavers, Brian Gaynor.
Reading Diligent Corporation's acquisition announcement this week, you could be forgiven for assuming it was a done deal, signed and sealed.
Falling fixed line business is being more than offset by better mobile and broadband, says Spark.